Professional Office
306 Alcazar ave, Coral Gables, FL 33134
For Sale
Contact for pricing
Reception area, three offices, and two parking spaces support a functional workplace setup.
Property Size25,032 SF
Days on Market58
Property Features for 306 Alcazar ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Utilities to Site
Building Details
Building Size
Listing Agency:
First Service Realty ERA
Listed By:
Alejandro Clemente · License FL #0485256
(786) 325-0444
Source:
Luxeknows
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 10 at 4:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Service Realty ERA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This professional office unit at 306 Alcazar Ave includes a reception area and three offices within a practical workplace layout. Electricity and water are included, providing added operating convenience for the occupant.
The property is located in Coral Gables, Florida, and includes two parking spaces. Availability begins October 1, offering a defined occupancy timeline for an incoming user.
The property is located in Coral Gables, Florida, and includes two parking spaces. Availability begins October 1, offering a defined occupancy timeline for an incoming user.
Key Highlights
- Professional office unit at 306 Alcazar Ave, Coral Gables, FL 33134
- Reception area included
- Three offices within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$698,528
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,970,560
$14.0M
Cap Rate 7%
$9,978,971
$10.0M
Cap Rate 9%
$7,761,422
$7.8M
Market Conditions
NOI Build-Up for 25,032 SF
Gross rent
$1.11M $44.40/SF
− Vacancy
−$180.1K −$7.19/SF
EGI
$931.4K $37.21/SF
− OpEx
−$232.8K −$9.30/SF
NOI
$698.5K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,970,560
Cap Rate 7%
$9,978,971
Cap Rate 9%
$7,761,422
Alternative Uses
Best Use
Office B
$9.98M
$8.73M – $11.64M
NOI $698,528 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.67M
$11.96M – $15.95M
NOI $956,855 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Coral Gables, FL
Properties on Market for Office Units in Coral Gables
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception area, three offices, and two parking spaces support a functional workplace setup.
Where is this office unit located?
The property is located at 306 Alcazar ave Coral Gables, FL.
What are key features of this property?
This property features: Professional office unit at 306 Alcazar Ave, Coral Gables, FL 33134; Reception area included; Three offices within the unit
